Benchmark stock market indices recovered to close in green, rebounding over 900 points from the day’s low as Dalal Street saw buying after early selloff. IT stocks were major gainers.
The S&P BSE Sensex added 77.05 points to end at 75,315.04, while the NSE Nifty50 gained 6.45 points to close at 23,649.95.
Vinod Nair, Head of Research, Geojit Investments Limited, said that the prolonged stalemate between the US and Iran continues to cast a shadow over near-term sentiment, yet the equity market managed to recover intraday losses and closed on a flat note, supported by value buying in IT and banking stocks.
“The ongoing earnings season has provided a constructive narrative, though caution persists as higher bond yields, elevated crude oil prices, and a weakening rupee reinforce inflationary concerns. Investors appear to be adopting a staggered allocation strategy rather than waiting for complete clarity, particularly in export-oriented sectors,” he added.
“A meaningful breakthrough in diplomatic negotiations with Iran—especially regarding uranium stockpiles and sanctions—remains critical for reducing volatility and enabling a decisive upward move in the market,” said Nair.